Bank of America double-upgraded Salesforce from sell to buy, lifting its shares about 1.5% on Monday and raising its price target to $285 from $160. The analysts said they had overstated AI disruption risks, now viewing Salesforce's AI strategy as credible and its deeply embedded platforms as hard for large enterprises to replace, based partly on talks with CIOs. Shares are up more than 50% from their 52-week closing low of about $150 in late June, but remain down about 12% year to date after closing near $264 on Sept. 3.
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